Rescission of customs notification: government withdraws prior exemption notification under powers of the Customs Act.
The Central Government, invoking its powers under section 25(1) of the Customs Act, 1962, rescinds Notification No. 223/88-Customs dated 19 July 1988, having been satisfied that rescission is necessary in the public interest, thereby withdrawing that miscellaneous customs exemption.

Customs exemption amendments remove specified schedule entries, narrowing prior tariff exemption coverage under statutory authority.
Exercise of power under sub-section 25 of the Customs Act, 1962 directs omission of specified schedule and table entries from earlier miscellaneous exemption notifications, removing designated tariff exemptions by excising particular serial entries from the Schedule to Notification No. 464/86-Customs and from the Tables annexed to Notification Nos. 15/88-Customs and 16/88-Customs.

Customs exemption for offshore oil exploration imports: specified classes of rigs, equipment, spares and consumables listed.
Amendment substitutes the Table in the earlier notification to specify goods eligible for customs exemption when imported in connection with offshore oil exploration or exploitation, listing classes of rigs, drilling and down-hole tools, tubulars, production and pressure-control equipment, platforms, vessels, subsea pipelines, telemetry and control systems, safety and pollution-control apparatus, testing and laboratory instruments, and related sub-assemblies, spares and consumables required for operation, maintenance and repair.

Exemption for on shore oil exploration imports consolidates eligible oilfield equipment, spares and consumables under a substituted notification.
Amendment substitutes a comprehensive Table listing goods eligible for customs exemption when imported for on shore oil exploration or exploitation. The Table enumerates capital items, specialised tools, production and testing equipment, seismic and geophysical units, safety and pollution control devices, telecommunication systems, and expressly includes sub assemblies, tools, accessories, warranty replacements and consumables for running, repair and maintenance of the covered goods, thereby consolidating the catalogue of items qualifying for the notification's exemption.

Tax exemption recognition: notification designates a charitable institution for specified assessment years under the Income-tax provision.
The Central Government, invoking sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, notifies Bharat Bhavan Nyas, Bhopal as recognised for tax-exempt status under that provision for the assessment years 1986-87 to 1988-89, thereby fixing the temporal scope of the exemption.

Notification under Section 10(23C)(iv): Mobile Creches recognised as qualifying institution for income tax exemption purposes.
Notifies "Mobile Creches for Working Mothers' Children, New Delhi" as an institution qualifying under Section 10(23C)(iv) of the Income tax Act, 1961 by Notification No. S.O.2006, issued by the Central Government for the relevant assessment year.

Customs amendment removes specified textual proviso and university references, narrowing qualifications for certain exemption notifications.
The government amends two customs exemption notifications by omitting a proviso after clause (ii) in Notification No. 70/81-Customs and by deleting references to universities and related qualifying phrases in the opening paragraph, conditions 1-3, and the Explanation of Notification No. 321/87-Customs, thereby altering the textual qualifications and scope of those exemptions.

Amendment to exemption notification removes a Schedule entry and inserts a new serial affecting customs auxiliary duty treatment.
Amendment to a customs exemption notification omits Sl. No. 219 from the Schedule to Notification No. 159/88-Cus and inserts, after Sl. No. 284, a new Sl. No. 285 with an entry referencing the customs notification dated the sixteenth of January, 1989, effected under the statutory powers conferred by the Customs Act and the Finance Act.

Customs exemption for consumable research imports requires certification and restricted research-only use upon import clearance.
The Central Government exempts consumable goods imported by a public-funded research institution or a University from customs duty and additional duty, subject to conditions: certification by a Directorate General of Technical Development officer that the goods are not manufactured in India; certification by a Deputy Secretary in the Department of Science and Technology or Department of Education that the goods are required for research and the importer is not engaged in commercial activity; and certification by the Head of the importing institution that the goods will be used only for research and not transferred to others.

Excise exemption for tobacco powder used as factory input in gudaku manufacture removes duty at point of use.
Notification No. 3/89-C.E. (16-1-1989) exempts tobacco powder falling under sub-heading 2404.90 of the Central Excise Tariff Act, 1985 from the whole of the duty of excise when such tobacco powder is used within the manufacturing factory for further production of gudaku.

Warehousing station declaration enables establishment of warehousing to support full export oriented undertakings at Village Belgaum.
Declaration of a warehousing station designates Village Belgaum, Karnataka, as a location to establish warehousing facilities to support the setup of full export oriented undertakings under the customs administration's statutory powers, serving as a non tariff regulatory instrument to enable customs warehousing benefits at that site.

Warehousing station designation enables export oriented undertakings to use a local customs facility for export production and storage.
The notification designates Village Mesma in Surat, Gujarat as a warehousing station under the Customs Act to enable establishment and operation of hundred per cent export oriented undertakings, authorizing the use of the location for warehousing and customs procedures supporting export production.

Manufacture in bond permitted for export products from excisable intermediates subject to licence and duty exemption conditions.
Permission is granted to manufacture specified export products in bond from excisable intermediate products subject to compliance with Notification No. 53/59-Central Excises, and conditional upon the manufacturer possessing a valid Advance Licence and the supplier possessing a valid Intermediate Advance Licence under the Duty Exemption Scheme in Chapter XIX of the Import Export Policy, April 1988-March 1991.

Tax exemption for specified PFC bonds under section 10(15)(iv)(h) requires holder registration to secure benefit.
Central Government specifies 10 year secured redeemable non convertible PFC Bonds II Series issued by the Power Finance Corporation as eligible for tax exemption under section 10(15)(iv)(h), and conditions the admissibility of that exemption upon the bondholder registering his name and holding with the issuing corporation.

Tax-exempt secured REC bonds specified under section 10(15)(iv)(h); tax benefit contingent on holder registration.
Central Government specifies 10 year--9% (tax free) Secured Redeemable Non-Convertible REC Bonds issued by the Rural Electrification Corporation Limited as qualifying for exemption under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income tax Act, 1961; the exemption is admissible only if the holder registers his name and holding with the issuing corporation.

Tax-free bond specification enables wealth-tax benefit on specified secured redeemable PFC bonds, subject to transferee notice within a limited period.
Central Government specifies a series of secured, redeemable, non-convertible bonds issued by a public financial corporation as eligible for a wealth-tax benefit; the tax characterization applies to that specified private placement series, and any transferee must notify the issuer by registered post within a limited period after transfer for the benefit to be admissible.

Tax-exempt REC bond specification requires transferee to notify issuer by registered post within sixty days to retain benefit.
Central Government specifies 10-year-9% (tax-free) Secured Redeemable Non-Convertible REC Bonds, issued by Rural Electrification Corporation Limited, as qualifying instruments under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957. The benefit on transfer by endorsement or delivery is admissible only if the transferee notifies the Corporation by registered post within sixty days of such transfer.

Customs exemption for machinery used in manufacture of lacquered, coated and printed aluminium collapsible tubes is specified.
The Central Government, exercising statutory power in the public interest, substitutes the Table entry at Sl. No. 4 of an earlier customs exemption notification to specify "machinery for the manufacture of lacquered, coated and printed aluminium collapsible tubes," thereby bringing that machinery within the scope of the exemption provided by the referenced notification.

Customs amendment adds a Schedule entry to an existing exemption notification under statutory executive authority.
The Central Government, invoking its authority under the Customs Act and the Finance Act, amends Notification No. 163/88 Customs by inserting a new Sl. No. and corresponding entry into the Schedule, thereby adding a reference to a subsequent customs notification as part of the miscellaneous exemption regime.

Customs exemption for button cell components relieves excess and additional duties subject to certification and undertaking.
Specified inputs imported for manufacture of button cells are exempt from customs duty in excess of 25% ad valorem and from the additional duty under section 3, subject to certification by an officer not below Additional Industrial Adviser as to description and quantity needed, and subject to an importer's undertaking to use the goods for that purpose and to repay the differential duty on demand if conditions are breached. The exemption applies only to the goods listed in the Table.